The Edition Residences Sells New Development In Miami For $14.85M With Seller's Rep Adam Redolfi - ALURE Capital
2121 North Bayshore Drive
$14,850,000
$1,189/SF
Building Size
12,483 SF
Asset Type
Condo
Closing
Oct 17, 2023
AI
The Edition Residences has sold a new development property located at 2121 North Bayshore Drive in Miami. The property spans a total area of 12,483 square feet and was sold for a price of $14,850,000, resulting in a price per square foot of $1,190.
Summary of transaction details
- Property Type: New Development
- Transaction Amount: $14,850,000
- Address: 2121 North Bayshore Drive, Miami
- Market: Miami
- Seller: The Edition Residences
- Broker: Adam Redolfi - ALURE Capital
- Square Footage: 12,483
- Price per Square Foot: $1,190
The sale of this property was facilitated by Adam Redolfi of ALURE Capital, who represented the seller, The Edition Residences. Redolfi's expertise and experience in the market played a crucial role in the successful transaction.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93